Sanctuary Advisors LLC Has $714,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Sanctuary Advisors LLC decreased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,751 shares of the construction company’s stock after selling 132 shares during the period. Sanctuary Advisors LLC’s holdings in Eagle Materials were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its stake in Eagle Materials by 39.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,898 shares of the construction company’s stock valued at $841,000 after acquiring an additional 823 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Eagle Materials in the third quarter valued at approximately $222,000. US Bancorp DE boosted its stake in Eagle Materials by 1.9% in the third quarter. US Bancorp DE now owns 4,911 shares of the construction company’s stock valued at $1,413,000 after acquiring an additional 90 shares during the last quarter. Van ECK Associates Corp boosted its stake in Eagle Materials by 40.0% in the third quarter. Van ECK Associates Corp now owns 22,485 shares of the construction company’s stock valued at $6,443,000 after acquiring an additional 6,424 shares during the last quarter. Finally, Mariner Investment Group LLC bought a new position in Eagle Materials in the third quarter valued at approximately $288,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Finally, Stephens reissued an “overweight” rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $296.80.

Eagle Materials Trading Up 0.8 %

Shares of NYSE:EXP opened at $226.13 on Friday. Eagle Materials Inc. has a 12 month low of $211.44 and a 12 month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company’s fifty day simple moving average is $247.57 and its 200 day simple moving average is $269.81. The firm has a market cap of $7.53 billion, a price-to-earnings ratio of 16.15 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.44%. Eagle Materials’s payout ratio is currently 7.14%.

Insider Buying and Selling at Eagle Materials

In other news, Director Michael R. Nicolais acquired 310 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

Eagle Materials Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.